Employment

Job Purpose

The Specialist, Foreign Exchange and Money Market aims to contribute to the implementation of the Investment strategy’s objectives of liquidity, FX exposure, return and risk by monitoring and executing transactions of the money market portfolios; providing research and analysis for money market and FX counterparty selection; conducting absolute and relative (to benchmarks) performance measurement and attribution.

📋 Roles and Responsibilities

Key Accountabilities

• Implement the approved investment plan for money market allocation and FX exposure.
• Suggest ideas for the development of investment strategies in money market and FX portfolios.
• Ensure compliance with investment policies, guidelines, and regulatory requirements.
• Execute FX transactions (spot, forwards, swaps) and money market transactions (acceptances, deposits, and other money market products).
• Participate in the analysis of global and regional money markets and FX markets, using quantitative models and qualitative assessments to forecast movements and identify opportunities.
• Contribute to the counterparty selection process by analyzing sovereign, credit, and counterparty risks through fundamental and relative value models.
• Assist in monitoring money market portfolio returns and risk profiles, including liquidity, cash flows, and ALM portfolio gaps.
• Support monitoring of FX portfolio risk profiles, including valuation, performance, currency composition, and deviations from the SDR basket.
• Assist in the production, maintenance, and review of reports and dashboards monitoring rating agency updates and market metrics of money market holdings.
• Contribute to developing contingency plans to manage market volatility and financial uncertainties in coordination with the Expert, Direct Investments.
• Suggest improvements to investment policies, procedures, and internal controls related to money market and FX activities.
• Monitor updates and developments related to the IPMS system to ensure compliance, quality, and accuracy of transactions.
• Ensure adherence to policies, processes, standard operating procedures, and the CFA Code of Ethics.
• Maintain strong relationships with global and regional banks and financial institutions to diversify counterparties for money market and FX portfolios.
• Maintain continuous communication with banks and brokers to collect market intelligence, economic reports, and financial analysis.
• Contribute to building effective relationships with member countries to enhance cooperation in deposit-taking activities and fund management.
• Assist the Expert, Direct Investments in coordinating with other AMF departments regarding matters related to money market and FX portfolios and periodic reporting.
• Suggest improvements to division systems, processes, and practices, reflecting industry best practices and international financial standards.
• Provide knowledge sharing and support to Specialists in Money Markets and FX to enhance portfolio returns and ensure business continuity.

📄 Job Qualifications and Requirements

Knowledge and Experience

• Minimum 5 years of experience in money market and foreign exchange (FX) management.

Education

• Bachelor’s degree in finance, Business Administration, Investment Management, or Economics from a reputable university.

Certifications

• CFA (Chartered Financial Analyst) or an equivalent professional qualification is preferred.
• A professional dealing certificate is considered an advantage.